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Bill > HR584
US HR584
US HR584To repeal the information reporting requirements added by the Patient Protection and Affordable Care Act.
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more. Rescinds $44 billion of appropriated but unobligated discretionary funds. Exempts unobligated funds of the Department of Defense (DOD), the Department of Veterans Affairs (VA), or the Social Security Administration. Requires the Director of the Office of Management and Budget (OMB) to determine and identify from which appropriation accounts such rescissions shall apply and report to the Secretary of the Treasury and Congress on such rescissions.
AI Summary
This bill repeals a provision from the Patient Protection and Affordable Care Act (ACA) that required non-tax-exempt corporations to report payments of $600 or more to the IRS, effectively reverting this reporting requirement to how it was before the ACA. Additionally, the bill rescinds $44 billion in appropriated but unused discretionary funds, with the exception of funds held by the Department of Defense, the Department of Veterans Affairs, or the Social Security Administration, and requires the Director of the Office of Management and Budget (OMB) to identify which specific accounts these rescinded funds will come from and report this to Congress and the Treasury Department.
Committee Categories
Budget and Finance
Sponsors (34)
Shelley Berkley (D),
Lois Capps (D),
John Carney (D),
Steve Cohen (D),
Jerry Costello (D),
Joe Courtney (D),
Joseph Crowley (WFP),
Henry Cuellar (D),
Rosa DeLauro (D),
Theodore Deutch (D),
Donna Edwards (D),
Anna Eshoo (D),
Colleen Hanabusa (D),
Martin Heinrich (D),
Rubén Hinojosa (D),
Bill Keating (D),
Ron Kind (D),
Rick Larsen (D),
John Larson (D),
Daniel Lipinski (D),
Betty McCollum (D),
Michael Michaud (D),
Gwen Moore (D),
Gary Peters (D),
Jared Polis (D),
Silvestre Reyes (D),
Steven Rothman (D),
Linda Sánchez (D),
Jan Schakowsky (D),
Adam Schiff (D),
Allyson Schwartz (D),
Louise Slaughter (D),
Betty Sutton (D),
Peter Welch (D),
Last Action
Referred to House Appropriations (on 02/09/2011)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/112th-congress/house-bill/584/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-112hr584ih/pdf/BILLS-112hr584ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112hr584ih/pdf/BILLS-112hr584ih.pdf.pdf |
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